How can companies effectively measure the impact of non-monetary incentives on employee engagement and satisfaction in order to continuously improve their rewards system?

Companies can measure the impact of non-monetary incentives on employee engagement and satisfaction by collecting feedback through surveys, focus groups, and one-on-one meetings with employees. They can also track key performance indicators such as productivity, retention rates, and employee morale before and after implementing non-monetary incentives. Additionally, companies can conduct A/B testing by offering different incentives to different groups of employees and analyzing the results to see which incentives are most effective. By consistently gathering data and analyzing the results, companies can identify trends and make informed decisions to continuously improve their rewards system.